Kimlun Corporation Berhad Annual Report 2018

Kimlun Corporation Berhad 51 WEAKNESSES IN INTERNAL CONTROLS WHICH RESULTED IN MATERIAL LOSSES There were no major weaknesses in internal controls which resulted in material losses during the financial year under review until the date of approval of this Statement. REVIEW OF THE STATEMENT BY EXTERNAL AUDITORS The external auditors have reviewed this Statement on Risk Management and Internal Control and reported to the Board that nothing has come to their attention that causes them to believe the Statement is inconsistent with their understanding of the process adopted by the Board in reviewing the adequacy and integrity of the Group’s internal control system. This statement is made in accordance with the resolution of the Board of Directors dated 1 April 2019. STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL (cont’d)